British Energy Share Discussion Threads

[gardenboy] 19/4/2006 07:05

trading statement well received this morning

[m.t.glass] 19/4/2006 06:14

..In the past five months 50 per cent of Britain's electricity generation has come from coal...



(yes I know it belongs on UKC thread - but it also has a bearing on assessments of market share for all generators)

[grippa] 18/4/2006 18:16

Great new closing high, and with rally in US this should fly higher in the morning.

[gardenboy] 18/4/2006 16:45

.....early arrival will do :~)

[gardenboy] 13/4/2006 20:01

atomik,

750 on 23rd May - ( trend = 117% gain pa )


gb :~)

[atomik] 13/4/2006 19:35

Whats the next level £7.5 or £8 and by when?
guess £8 by end may!!!

[gardenboy] 13/4/2006 17:49

new closing high - have a good Easter !

[grippa] 13/4/2006 16:47

Just managed to hold £7...pretty good psychological level i think.

[grippa] 13/4/2006 10:50

I think we should hold £7 this time with afternoon buying! Good luck.

[choppa] 07/4/2006 07:30

strong again.

[gardenboy] 06/4/2006 07:48

strong this morning

[Abuse team] 03/4/2006 16:11

Post removed by ADVFN

[gardenboy] 03/4/2006 16:11

grippa,

bought in first thing this morning - the future consensus forecast is quite staggering - 620% increase for 3/06 followed by a 117% increase for 3/07

I'm certainly expecting a decent rise from here and what a fantastic chart.

[grippa] 03/4/2006 15:44

Huge break out today!

[grippa] 03/4/2006 11:53

I think so!!!

[gardenboy] 03/4/2006 09:27

breaking out ?

[grippa] 30/3/2006 16:06

New closing high!! Should be good for near future!! Chart still looks very very good.

[pc4900074200] 23/3/2006 10:33

The Scotsman. 23-03-2006.

Brown targets £40bn in sale of public assets. JOHN BOWKER. DEPUTY CITY EDITOR.

BRITISH Energy shares leapt yesterday after Chancellor Gordon Brown announced plans to sell a 65 per cent stake in the group - part of a fire-sale of public assets set to net more than £40 billion for the Treasury.

The decision was unveiled alongside an intention to sell "related energy assets" - including the government's one-third stake in nuclear support company Urenco and what remains of British Nuclear Fuels (BNFL), where a break-up process is under way.

Delivering his tenth Budget, the Chancellor said: "In order to release new resources for our priorities - central to which is building world-class schools and education - we are reviewing the use of assets in all areas."

He set a target of raising £30bn from fixed assets such as car parks and public buildings, with the string of energy sales coming on top of that. The government has already sold Westinghouse, BNFL's nuclear reactor development arm, for close to £3bn, and floated defence ministry division QinetiQ at a gain of £300m.

The Edinburgh Chamber of Commerce said the widespread policy of selling public assets was classic "jiggery-pokery" from Brown, who elsewhere in his hour-long speech boasted of a budget surplus within six years.

Ron Hewitt, the chamber's chief executive, said: "His magic-wand trick of projecting a £16bn surplus over the next six years didn't mention the fact which later arose that he was planning to sell off £30bn of the family silver. It's really a £14bn deficit."

British Energy shares jumped 3 per cent to 650.5p on the news, as analysts said it could accelerate dividend payments from the group and improve its liquidity. "The company has always been conscious of the government's stake and therefore been conservative about its cash," one said.

The Livingston-based nuclear operator - which owns eight power stations across the UK - had to be bailed out by the government after coming close to collapse in 2003.

The Department of Trade and Industry (DTI) took the stake after agreeing to shoulder its £5.1bn of plant decommissioning liabilities. Under the terms of the debt-for-equity restructuring, BE was forced to pay 65 per cent of its cash-flow into the DTI-controlled Nuclear Liabilities Fund, but the government has reserved the right to turn that into an equity stake at any time.

One analyst - who asked not to be named - said the government could net up to £6bn from a sale of the stake at current market prices. BE's shares have more than doubled since the restructuring, thanks to surging wholesale power markets, while as an electricity generator it has enjoyed a limited exposure to pricey gas.

A spokesman for BE - now in the FTSE 100 - welcomed the news: "This is a demonstration of the government's increased confidence in our ability to deliver on our imperatives of operational excellence, financial stability and power station life extensions."

A Treasury spokesman said the government could decide to sell the whole stake, "or 25-50 per cent of it". He said the decision would not be taken until the completion of the Energy Review - not expected until the end of this year.

The Nuclear Liabilities Fund - which will pay for the eventual decommissioning of BE's stations - will not be under-funded as a result of the sale, as the DTI has agreed to underwrite any shortfall. BE is likely to be involved should the government - as is expected - give the green light for the construction of new nuclear power stations in next year.


pc

[grippa] 23/3/2006 10:21

Deutsche banke increasing their holding by more than 25%!!!

British Energy Group plc


UK COMPANIES ACT 1985 - SECTIONS 198-202 - British Energy Group plc (the
"Company")


In accordance with Section 198-202 of the UK Companies Act 1985, the Company has
received notification from Deutsche Bank AG as follows:


That on the basis that the relevant issued share capital of the Company is
569,833,311 ordinary shares, Deutsche Bank AG and its subsidiary companies have
a notifiable interest in 57,388,995 ordinary shares in the Company amounting to
10.07%.


Deutsche Bank AG is a corporation domiciled in Frankfurt, Germany, of which
Deutsche Bank AG London is a branch.


On 22 February 2006, the Company disclosed that Deutsche Bank AG had a
notifiable interest in 45,196,950 shares (7.97%).

[luckygit] 15/3/2006 20:01

With high energy prices this company must be raking in the cash. I think this one has a lot more to run.
LG

[whealan] 15/3/2006 19:52

grippa/sealed

I expect you're right - which of course is why we hold the shares. Perhaps the papers will expand on the talk tomorrow. Let's hope it's not a case of what goes up like a rocket comes down like a stick. Not quite rocket-like yet.

Perhaps it is a defensive nuclear stock??

[sylvesterokojie111] 15/3/2006 15:08

What is going on guys?

[sealed] 15/3/2006 12:57

From mo_neyam midday report:

"In utilities, National Grid and British Energy also spiked higher as even more vague talk did the rounds."

[grippa] 15/3/2006 12:52

Right industry...right time...?